Khadim India Limited IPO, Khadims IPO Detail

By | November 6, 2017
Khadim India Limited IPO, Khadims IPO, Khadim India IPO, Khadim India IPO Allotment Status, Khadim India IPO GMP, Grey Market Price of Khadims IPO, Daily Subscription Info, Rating, Review, Listing Date, IPO Poll.

Footwear retailer Khadim India Limited has notified the exchanges that it will launch its initial public offering (IPO) in November 2017. The company has notified that its IPO will be open from 02 November 2017 to 06 November 2017. Kolkata-based Khadim India plans to raise Rs. 543 crore from the markets. The company has set a price range of Rs. 745 to Rs. 750 per share for its IPO. The valuation of the company will be between Rs. 1,288- Rs. 1,297 crore on the basis of the price band fixed by the company.

Investors who are applying or who intend to apply for the Khadim India Limited IPO must download the Khadim India DRHP. The Draft Red Herring Prospectus of Khadims IPO can be seen below.

The Khadim India IPO comprised a fresh issue of equity shares aggregating Rs. 54 crore and an offer-for-sale of up to 65,74000 shares by the existing private equity partner Fairwinds Private Equity (formerly Reliance Equity Advisors). Khadim India’s Promoter Siddhartha Roy Burman plans to sell 722,000 shares and Fairwinds Private Equity will sell 5,850,000 shares. Fairwinds, which currently holds 33% stake, invested Rs. 90 crore in 2013.

Investors should check the given section of our website to get more details about the IPO Price band, dates, IPO Subscription, Rating, reviews, Khadims IPO Allotment Status, Khadim India IPO Grey Market price and premium, Listing date and more. Investors can share their views and comments about the Khadims IPO at the given section.

Khadim India IPO

About the company Khadim India Limited is the second largest footwear retailer in India in terms of the number of stores. The company is based in Kolkata, West Bengal and it was founded in 1981. The company sells its product under the Khadim’s’ brand name. The company has a strong presence in East India and it is one of the top players in the South India.

The company operates through 829 ‘Khadim’s’ branded exclusive retail stores across 23 states and one union territory in India. Khadim India has a strong network of 357 distributors across India.

Company Promotors: Siddhartha Roy Burmanand Knightsville Private Limited

The Offer consists of the Fresh Issue and the Offer for Sale.

Offer for Sale

  • Khadim India Limited will not receive any proceeds from the Offer for Sale.

Fresh Issue

  • Prepayment or scheduled repayment of all or a portion of term loans and working capital facilities availed.
  • Meeting expenses towards general corporate purposes

Grey Market Price, GMP Rates, Premium

DateGMPKostak RateSauda
12 November 2017Seller Seller

Khadim India IPO, Date, Price, Subscription, Allotment Status, Grey Market, GMP, Listing Date

NameKhadim India Limited
Open Date02 November 2017
Close Date06 November 2017
Allotment Date12 November 2017
Refund Date12 November 2017
Listing Date14 November 2017
Issue PriceRs 745 - Rs 750 Per Equity Share
Lot Size20 Shares
Minimum Order Quantity20 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial Public offer of Fresh issue of Rs. 10 Up to Rs. 50 Crores and offer for sale Up to 6,574,093 Equity Shares (including anchor portion of 2,172,227 Equity Shares)
Lead ManagerAxis Capital Limited and IDFC Bank Limited
RegistrarLink Intime India Private Limited
Registrar Email[email protected]
Registrar Websitehttp://www.linkintime.co.in
Registrar Phone+91-22-25963838
Listing atNSE / BSE

IPO Poll

Khadim India Listing Price would be?

  • Above Rs. 750. (82%, 245 Votes)
  • Below Rs. 750. (18%, 52 Votes)

Total Voters: 297

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Khadim IPO Price Band

The company expects to raise Rs. 543 crore, with the Khadim India fixing a price band of Rs. 745- Rs. 750 for a share of Rs 10 face value giving it a price-earning (PE) multiple of 43.7. The price band of the IPO implies that floor price is 74.5 times and cap price is 75 times of the face value.

Anchor Investors

The company had raised Rs. 157.5 crore by selling its shares to 13 institutional investors at Rs. 750 apiece as part of its anchor book allocation.

IPO Date

The IPO of Khadim India will be open for the subscription from 02nd November 2017. The issue will close on November 6, 2017.

IPO Recommendations

  • Ajcon Global – Subscribe
  • Angel Broking – Neutral
  • Anand Rathi – Subscribe
  • Way2wealth – Subscribe
  • Mehta Equities – Subscribe
  • ICICI Direct – Subscribe
  • SPA Research – Subscribe
  • KRChoksey – Subscribe
  • SMC Research – Subscribe

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
31 March 2017Rs. 625.5Rs. 584.8Rs. 30.8
31 March 2016Rs. 538.8Rs. 513Rs. 25.2
31 March 2015Rs. 465.7Rs. 484.8Rs. -18.7
31 March 2014Rs. 483.1Rs. 464.8Rs. 12.1
31 March 2013Rs. 425.7Rs. 412.2Rs. 8.9
**(All Figures in Rs. Crores)

Valuations

  • Earnings Per Share (EPS): Rs. 17.78
  • Price/Earnings (P/E) ratio: 41.90 – 42.18
  • Return on Net Worth (RONW): 16.61%
  • Net Asset Value (NAV): Rs. 107.04 per share

Khadim India IPO Daily Subscription Figures

CategorySHARES OFFERED02 November 201703 November 201706 November 2017
RII25358320.280.842.33
NII10867850.010.030.18
QIB14503890.000.092.44
Total50730060.140.451.90

Lead Managers

IDFC Bank Ltd and Axis Capital Ltd are managing the Khadim share sale.

Registrar

Link Intime India Private Limited is the registrar to the Khadim India Limited IPO.

Khadim India IPO Allotment Status

It is expected that the IPO Allotment Status of Khadim India will be available online at the Link Intime website on or around 13 November 2017. The exact date will be notified here in due course.

Khadims IPO Allotment Status

Khadims India IPO Listing Date

Update: The listing date of Khadim India IPO is 14 November 2017. The precise date will be given here.

Khadim India Limited Address

Adress
Registered Office and Corporate Office: Kankaria Estate, 5th Floor, 6,
Little Russell Street,
Kolkata 700 071

Telephone: +91 33 4009 0501
Fax: +91 33 4009 0500
E-mail: [email protected]
Website: www.khadims.com

IPO Prospectus

Draft Prospectus with SEBI | Red Herring Prospectus

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